Manchester Road, Burnley, BB11 4HT

Manchester Road, Burnley, BB11 4HT - Let Property

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Property ID: 227228463

Monthly Income

£1,595

Current Yield

8.9%

Tenancy status

Tenanted

CapitalAppreciation

+5.86%

Key features

Portfolio of 3 Self-Contained Flats on 1 Freehold Title with separate entrances
Bathroom Facility
Kitchen Facility
Burnley Town Centre Location
Buy-to-Let Opportunity
Tenant Currently Situated
Likely to attract enquiries from Serious Investors & Developers
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This property portfolio is located in Burnley with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The portfolio comprises of:

2 x Two Bedroom Flats

1 x One Bedroom Flat

Prime location - 3 x Self Contained flats on 1 freehold title with separate entrances.

Investment details

The portfolio currently produces an annual gross income of £19,140 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

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Purchase Price

Assumed purchase price based on home report value

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Calculated Returns

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Current Rent

Potential Rent

Purchase Costs

Net Rental Income1595/mo

Monthly Capital Appreciation/mo

Total Net Returns/mo

Total ROI

Investment Returns

Current Monthly Rent

£1595 pcm

Current Rental Yield

8.9%

Potential Market Value Rent

£1595 pcm

Potential Rental Yield

8.9%

Estimated Monthly Capital Appreciation

£1050

Area Capital Appreciation Rate

+5.9%

Let Property Pre Checks

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Freehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.